Birmingham is the beating heart of the UK, which is going through a sustained period of growth and investment. It has the youngest city in Europe with 40% of population under 25. The city offers a world class network of higher education colleges and five universities including University of Birmingham, Birmingham City University and Aston University.
The student accommodation at the University of Birmingham are costing £149 per week, which is £745 a month, with only a single room, no own kitchen, living room and dining space. Studios at Copperbox are projected at £700 a month and 1 bed apartments at £800 a month with much more personal space and closer to local shops. These will appeal particularly to the older students such as PHDs and university staffs. Besides, there has been a strong demand from professionals who work in the city centre like Deutsche Banks, HSBC, pwc and prefer more spaces and relaxed lifestyles.
The Copperbox is a completed high spec apartment in Harborne, located close to the University of Birmingham. It was voted one of the most desirable places to live in the UK by The Times. The residence provides Studios and one bed apartment, perfect for anyone who looks for small capital employed but steady rental yields. All apartments are completed with luxury finishes and grade A electrical appliances.
The rental demand is very strong, with over 34,000 students and 8,000 international students from the University. It also attracts lecturers and University teaching staff. Besides, the residence is popular amongst medical staff working at the Queen Elizabeth Hospital. The hospital is the single largest employer in Birmingham about 25,000 staff, and surrounding areas are ideal for doctors and medical staff who need to be close to work.
On the high street of Harborne, there is a thriving mix of retail shops and independent grocery stores, offering a high level of living environment. Nearby amenities include Waitrose, Sainsbury’s and M&S. Commercial banks such as Barclays, Natwest and Santander are just few minutes away from home. It is very convenience to reach CBD Brindleyplace such as Deloitte, Deutsche, RBS etc., HSBC’s UK HQ, pwc and HMRC. Within walking distance of Harborne High Street, Queen Elizabeth Hospital and University Train station, which is indeed the destination for city professionals.
All of the residents receive a 10-year structural guarantee on their apartments. Secure parking access is also available. A villahe that is typically Victorian in style, parking spaces in Harbourne are rare and often change hands for £50,000. CopperBox offers 18 parking spaces, which will be a real coup for any investor and will be in high demand from tenants.
• Developer: Seven Capital
• Deposit: approx. HK$157,000 up*
• Unit: Studios or 1 Bed Apartment
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Price correct at time of issue. Images are CGIs and figures are for indicative purposes only.
#Buyers can consider self-occupied, or rent out through authorized property company or developer. Calculation is based on 1-bedroom.